Taxing the rich just means the truly rich will stop doing business in the USA. I would much rather see Flat Tax and no Alternative Minimum Tax or Capital Gains Tax. How about taxing the poor? They would be much easier to collect from…just take their fair share of taxes out of their welfare checks and then give them a job of clearing brush and trash from alongside highways, painting and repairing homes of the aged, and for taking jobs training at welding, engine mechanic, landscaping, forest, etc, (kinda like the WPA in the 1930s…work and you eat and get paid…don't work and starve).

When you "soak the rich" they always simply stop investing in any and all risk ventures, raise the prices on whatever the consumer buys that puts money into the wealthiest folks' pockets. I would much prefer to "soak the congressmen and congresswomen" of all their privileges, pensions, perks and pork barrel passions, establish a part-time federal government in the House and Senate, shut down the Federal Reserve and suspend the 16th Amendment of the US Constitution and simply let the American people go back to work.

As for the national debt… offer our creditors stock in the national forests in exchange for the debt instruments they hold….then default in a short time line on the "fiat" Federal Reserve monetized debt instrucments. Of course it would be painful…but it would also grant most working Americans a fresh start toward their own individual dreams, hopes, and worked-for expectations.

The Fed must go, and so must the US tax code, so let's just "git 'er done" and then start the cleanup.

Of course I know none of this will ever happen…we Americans have pretty much lost our will to survive in the real world. We spend all our efforts in re-arranging the chairs on our sinking "ship of state" and hope someone somewhere will "save" us from our misbehaviors over the past 40 years or so. Perhaps the time as come for the USA to dissolve into 50 separate nations after all?

I'm really surprised on your response regarding the tax situation. The Bush tax cuts cost this country 1.7 trillion dollars and they are now hoarding their money. The middle class is fading and you say the rich shouldn't pay more? We are struggling just to make ends meet and the rich have over 58,000 Swiss bank accounts.
Obama can't win. If he trys to create jobs through government spending the Republicans will come down hard on him for excess spending. We need jobs.
Warren Buffet is right when he says the rich need to pay more. The people that say"well, he can pay more if he wants to" misses the point completely. We will be a third world country if this goes on much longer. 3% rich and 97% poor. Is that what you want?

I am so sick of all of this fighting and debating and still nothing has been done in 50 years. It is so simple.

Stop all unnecessary government spending. Stop the retirement of the government workers. Let them live on social security or disability. Let them prove it like us baby boomers are having to. Reduce the government salaries down to middle class wages — since they don't accomplish a decent thing anyway. We should have a President and Vice President, a cabinet, a House of Representatives, a Senate and a Supreme Court and a standing army. Not lobbyists, and assistants for assistants for assistants, etc.

We should not pay for every single foreign dignatary and their assistants and their assistants, etc. Let them spend their own money if they want in our country. And they should fund and build up their own country with trade. NOT OUR TAX DOLLARS!!

STOP ALL WARS OVERSEAS! WE HAVE A BIG WAR ON OUR SOUTHERN BORDER AND THAT IS THE ONLY WAR WE SHOULD BE IN!!!

SEND THE ILLEGAL PEOPLE BACK AND THEIR CHILDREN NOW! LET THEM APPLY FOR CITIZENSHIP! NOT JUST DROP IN AND MULTIPLY SUCK US DRY! AND DON'T BRING THEM HERE BY THE HUNDREDS OF THOUSANDS EVERY DAY. WE THE TAX PAYERS NEED A BREAK, AND JOBS AND HOUSES OURSELVES!

Leave the rich alone on extra taxes. Tax everyone working and making a PROFIT 10% of profits across the board. That does not mean 10% of whatever they make! It means 10% of the PROFITS ONLY. That way if you have to spend part of your profits to eat — IT IS NOT TAXED — only what is left over EXTRA. That way the millionairs will be taxed 10% of whatever they don't use or eat up, or invest in this country — this country only. Not send money to China, Zimbabwe, Swiss banks, wars, or to hang the American people higher, etc. Have set tax rules (about 200) — not 200,000 rules or a library on just taxation. People who do not file an income tax form whether it be zero made or a trillion made — do not get to vote and if they can't prove every single item they claim — it just gets thrown out and they should be thrown out of this country!

You could save a lot of money and the school system and the hair on every teachers head and business CEO's if you made our language what it should be now and forever — ENGLISH!!!!

Build our businesses up, build our country up and protect it (NOT WITH THE LITTLE FRISKERS AT THE AIRPORTS EITHER!). Promote trust and Christianity and health and creativity and beauty and jobs first to UNITED STATES OF AMERICA citizens and military and second to legal foreigners. Deffinitely no jobs to illegal foreigners. Do not shove ugliness, noise, and scare tactics and bondage and welfare and sickness and weird religions and practices. Here's an idea — give a prisoner a job and let them have minimum security as long as they work a 60 hour week or its back to lockup. Let the prisoners pay for their own keep and food out of what they make — instead of every middle income taxpayer out there working 80 hours a week to pay $50,000 a year for the prisoners upkeep times what ? 3 or 4 million? times all their working 30, 40, 50 year life. Who is it that has a life sentence?!!! Watch how this country would flourish and grow.

HOW ABOUT FREE FOUR YEAR COLLEGE FOR EVERYONE THAT WANTS IT AND FORGIVE THE STUDENT LOANS THAT MOST OF US CAN'T AND WILL NEVER BE ABLE TO PAY IN OUR LIFETIMES!
GET BACK TO THE CONSTITUTION!

GET RID OF THE UNITED NATIONS, THE FEDERAL RESERVE, THE IRS, FBI, CIA, THE ELECTORAL COLLEGE, PRIVATE PLANES AND A WHOLE BUNCH OF OTHER MONEY SAPPING NONSENSE!

I agree with Bob, jail the banking gangsters and start first with Zurich Financial Services, and all its thousands of subsidiaries fraudulently hiding beind different named companies to decieve everyone. These companies like AIG, Dunbar, and its parent ZFS above are the real culprits that stole everyones cash with their fraudulent greed.

I ask the American people to put these fraudulent banks, insurers, etc its executives in jail for their criminal destruction of America societies wealth.

Taxing the rich will not happen in the United States. The people who decide who gets taxed are mostly all RICH, if not when they go into office, certainly not long after. The working people have very little to say about it. The majority of the rich feel that they have an obligation to build a fortune. They don't seem realize that there is a greater obligation and that is to build their community Then the young people will be educated and they will contribute to science, medicine and industry, thus building a far richer community for everyone. That's what will build real wealth, not like in Britain where all of the money is concentrated among the few and you have uneducated young people and rioting in the streets and not like in the country where the rich are getting richer and the country is getting poorer.

Tax the special class of rich, the short selling rich! This class has recently taken 14 trillion dolars out of the US economy, has terribly damaged the economy and has become frightfully rich doing it. Put a special tax on short selling profits, say 10 %, and fix everything! The short selling rich will not be hurt as this is "found money", the tax income will solve all the governments deficit problems, businesses and working class will not be hit with difficult taxes. Cash will flow again and every one will have jobs again. be able to buy houses again.

Silver is essential to a balanced portfolio – this safe-haven asset will hold its value against geopolitical conflict and market volatility. And silver has real potential to see double-digit gains this year. Find out why silver prices are set to surge, plus the four best ways to invest in silver now. Enter your email below to get the report.

Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.